Snapshot for Federal Funds Effective Rate US (FEDL01)

Rate Profile Information for FEDL01

Data is released by the Federal Reserve between 07:30-08:30am EST for the prior business day. The index represents the volume-weighted average of interest rates at which depository institutions lend balances at the Federal Reserve to other depository institutions overnight. This is established by trading governement securities. The weekly Fed Funds average is weighted and runs from Thursday to Wednesday. For proper calculation of the weekly average, Friday's rate is also used for both Saturday and Sunday. This index uses a 360 day count. The week ending average displayed on NDX H15 is the rate displayed on FEDL01 HP W.Link for historical data: http://www.federalreserve.gov/releases/h15/data/Daily/H15_FF_O.txt